Case Study Of Telecommunication Report

Running head: ACC5FAS
ACC5FAS
Name of the Student:
Name of the University:
Author’s Note

1
ACC5FAS
Table of Contents
1. Trial Balance:...............................................................................................................................2
2. Journal Report 30th September:....................................................................................................3
3. Profit and Loss report 1st September 2019 to 30th September 2019:............................................9
4. Balance Sheet Report 30th September:.......................................................................................10
5. Financial performance factors:..................................................................................................12
References:....................................................................................................................................16

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ACC5FAS
1. Trial Balance:
Trial Balance
20445520 BALA KEERTHI AVINASH PENTAREDDY
As at 29 September 2019
Account Debit Credit YTD Debit YTD
Credit
Revenue
Sales (200) $73,232.9
5
$1,56,442.
95
Expenses
Advertising (400) $8,850.00 $8,850.00
Bank Fees (404) $9.68 $9.68
Cost of Goods Sold (310) $33,728.5
2 $33,728.52
Fire Insurance expense (433) $0.00 $4,000.00
Freight & Courier (425) $116.42 $116.42
Fuel expense for the delivery van
(431) $880.00 $880.00
Insurance expense (434) $5,000.00 $5,000.00
Interest Expense (437) $0.00 $3,677.50
Miscellaneous office supplies
(430) $680.00 $680.00
Salaries expense (477) $0.00 $50,160.00
telecommunication expense (489) $0.00 $1,100.00
Warehouse rent expense (469) $0.00 $4,200.00
Warranty claims (401) $1,408.00 $1,408.00
Assets
Accounts Receivable (610) $8,176.36 $99,707.36
Allowance for Doubtful Debts
(611) $0.00 $8,321.00
Cash at bank (609) $25,575.8
6
$1,08,615.
35
Computer Equipment (720) $2,830.00 $2,830.00
Delivery Van (724) $0.00 $69,300.00
Interest-bearing account@2.5%
(622)
$50,000.0
0 $50,000.00
Inventory (630) $27,827.5
9 $82,593.51
Less Accumulated Depreciation -
Delivery Van (725) $0.00 $35,805.00
Less Accumulated Depreciation - $0.00 $2,72,250.

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ACC5FAS
Store Building (723) 00
Plastic welding machinery (726) $38,000.0
0 $38,000.00
Prepaid Fire Insurance (620) $0.00 $20,000.00
Store Building (722) $0.00 $5,40,000.
00
Liabilities
Accounts Payable (800) $2,573.83 $59,555.13
GST (820) $3,842.79 $60,468.32
Loan payable - Building Head Office (900) $0.00 $2,75,812.
40
Northern Bank on a short-term loan (803) $40,000.0
0 $40,000.00
Provision for warranty (878) $0.00 $4,160.50
Texaco Petrol businesses debit card (802) $977.68 $977.68
Unearned delivery revenue (824) $26,800.0
0 $45,500.00
Equity
Owner A Share Capital (970) $0.00 $2,86,500.
00
Total $1,75,254.
84
$1,75,254.
84
$11,85,324
.66
$11,85,324
.66
2. Journal Report 30th September:
Journal Report
20445520 BALA KEERTHI AVINASH PENTAREDDY
From 30 Sep 2019 to 30 Sep 2019
ID 162 Insurance expense, Fire insurance (Manual Journal: Posted by bala
keerthi avinash pentareddy on 2 Oct 2019)
30 Sep
2019
Account Debit Credit
Fire Insurance expense (433) $2,200.00
Prepaid Fire Insurance (620) $2,200.00
$2,200.00 $2,200.00
ID 161 Telecommunication accrued for September (Manual Journal: Posted
by bala keerthi avinash pentareddy on 2 Oct 2019)
30 Sep
2019
Account Debit Credit